Practicum
in Portfolio Management students attend G.A.M.E Forum in New York City

Thanks to a generous gift from the PNC Foundation supplemented by grants
from BB&T corporation and the Perdue School, students in the Practicum in
Portfolio Management class were able to attend the G.A.M.E. Forum in New
York City April 4-6, 2013. This outstanding experience further
enhanced the experiential learning opportunities supported by the department
and the Perdue School of Business.

The group consisting of two subgroups of students: 20 from the SU student
chapter of the Financial Management Association (FMA) and 15 from the FINA
449 Practicum in Portfolio Management class, departed the Guerrieri
University Center parking lot aboard a chartered bus at about 6:15 a.m. on
Thursday, April 4. Three faculty members, all from the Perdue School
accompanied the students: Drs. Claggett, Ervin and Manakyan.

Upon arrival in NYC, the FMA students (plus Drs. Claggett and Ervin)
departed and walked to the New York City offices of Wells Fargo, while the
FINA 449 students reconvened for the afternoon session of the Quinnipiac
Global Asset Management Education (GAME) Forum.

The FMA students and professors proceeded to the fixed-income floor escorted
by Chris Tracy (SU ’06). The discussion with Tracy about career planning,
current market conditions and the general future economic outlook was
informative and enjoyable. Everyone felt it was value received. We said
“good-bye” to our host around 4 p.m., but only after exchanging business
cards and contact information. The students were free for the rest of the
day to enjoy the city.

From 1:15-2:45 p.m., Dr. Manakyan and the FINA 449 students attended a
keynote panel on corporate governance. The panelists* discussed a variety of
topics, including the need for disclosure, treating all shareholders
equally, the cost of SOX compliance and the decline in the number of
publicly listed companies in the United States. The final keynote panel** of
the day was from 3-5 p.m. and concerned global markets. The panel discussed
topics ranging from the stability of the EU system to the emerging middle
class in China. The panelists noted that in looking for emerging markets in
which to invest, they look for those with sustainable GDP growth based on
more than just exports. They look for an emerging middle class and a
government that is willing to invest in education and services to drive the
middle class. After the final panel, students were free to explore the city
for the evening.

On Friday morning, the FMA students (plus Drs. Claggett and Ervin) traveled
to J.P. Morgan in downtown Manhattan for a 9 a.m. appointment, hosted by
Catherine Wert. She talked with the students for 15-20 minutes about her
duties, how she became a JPMorgan employee and about the general
expectations related to professional positions within JPMorgan before
introducing various guest speakers. These included junior analysts and a
representative from the human resources (HR) department. The HR
representative ended her formal remarks by giving several tangible and
significant pieces of advice for searching for the first job and what the
screening process is like at many first tier financial institutions. Our
meeting ended with a lively question-and-answer session.

Friday afternoon was spent with a tour on the NASDAQ office site located on
Times Square. Our host was Adam Messick (SU ’10). One highlight for everyone
was seeing the Salisbury University logo up in lights on one of the giant
screens at Times Square. We were present for the closing bell ceremony.

On Friday morning, for the FINA 449 students, the lead analysts coordinated
the setup of the poster for the evening’s poster board competition. The GAME
Forum resumed at 9 a.m. There were five sessions from 9 a.m.-4:30 p.m., with
breaks for coffee and lunch in between. Each session had approximately 10
panel discussions, keynote addresses or workshops from which to choose.
Students were free to register for and attend those panels that they found
most interesting throughout the day. From 4:30-5:30 p.m., there was a
networking reception and awards ceremony in which all of the competing
student-managed investments funds displayed their posters.

The FINA 449 students were able to view the posters of many other teams and
discuss unique aspects of each investment fund with the students from other
teams. Salisbury University was well represented by the work of the lead
analysts. Many professors and students from other universities stopped to
view and discuss our poster.

For the FINA 449 students, the GAME forum continued at 9 a.m. on Saturday
morning. There were two sessions on Saturday, lasting until 11:30 a.m. Once
again, each session contained a number of presentations to choose from and
Dr. Manakyan and the students split up to attend those panels that held the
most interest for each of them before checking out of the hotel at noon and
preparing for a 1 p.m. departure. In total, the GAME forum had more than 110
keynote speakers, panelists, workshop presenters and student-managed
portfolio judges from more than 80 firms.

Saturday was free time for the FMA students with respect to sight-seeing. At
1:15 p.m., our entire group departed the hotel and returned to SU’s
Guerrieri University Center parking lot by about 6:15 p.m

* The prestigious panelists were Al Angrisani, a turnaround specialist and
current president, vice chairman and chief executive officer of Harris
Interactive; Edward Knight, J.D., executive vice president, general counsel
and chief regulator officer of the NASDAQ OMX Group; John D. Rogers, CFA,
president and chief executive officer of the CFA Institute; and Irwin D.
Simon, founder, chief executive officer, and chairman of the board of Hain
Celestial Group.

Thanks to a generous gift from the PNC
Foundation, students in the Practicum in Portfolio Management class were
able to attend the G.A.M.E. Forum in New York City March 29-31, 2012. This
outstanding experience further enhanced the experiential learning
opportunities supported by the department and the Perdue School of
Business. During this event, students had a chance to hear from high
profile practitioners like David Darst, Guy Adami, Abby Joseph Cohen, Bob
Froehlich, Tobias Levkovich, Joseph Terranova, Liz Ann Sonders, among
others.

SU Student Chapter of Financial Management
Association (FMA)

visits NYC Financial District

The group departed the Guerrieri University Center
parking lot at about 6:15 AM on Thursday, March 29, 2011. Twenty-nine FMA
students and twenty Practicum in Portfolio Management students, accompanied
by three faculty members, Drs. Claggett, Ervin and Manakyan, shared a
chartered bus for the trip. We arrived at the NYC Sheraton Towers in
Manhattan at about 11:30 AM.

After changing into more appropriate attire The
Practicum in Portfolio Management students attended the keynote sessions of
the G.A.M.E. forum while the FMA students (plus Drs. Claggett and Ervin)
departed and walked to the New York Stock Exchange on Wall Street and
Broad. The students and professors proceeded to go on a “Wall Street”
walking tour at 1:30 PM. The tour was informative and enjoyable with stops
at many famous and not so famous sites in lower Manhattan. Our tour guide
was knowledgeable and humorous. Everyone felt it was value received. We
said “good-bye” to our tour guide around 4:00 PM and the students were free
for the rest of the day to enjoy the city.

On Friday morning, while the G.A.M.E. Forum participants attended breakout
sessions, the FMA students (plus Drs. Claggett and Ervin) traveled to J.P.
Morgan in Downtown, Manhattan for a 9:00 AM appointment. The group was met
by Ronald (Ron) G. McGann, Managing Director, JP Morgan, The Private Bank.
He is an alumnus of SU, class of 1988. Mr. Mc Gann spent some time
explaining the evolution of what is now J.P. Morgan-Chase. He also
recounted some of the ways he was able to continue his career with J.P.
Morgan. Furthermore, he arranged for two junior JP Morgan Analysts to speak
to the students as well as two representatives from JP Morgan’s University
Recruiting office.

Mr. McGann inspired students by telling them about how best to prepare for
a career in the wealth management and investment banking sectors. He went
on to say to be successful on Wall Street, young people must work very hard
and take advantage of their strengths. He ended his formal remarks by
giving several tangible and significant pieces of advice for searching for
the first job, what the screening process is like at many first tier
financial institutions and how best to manage a young financial
professional’s early career. Our meeting ended with a lively question and
answer session.

Friday afternoon and Saturday were free time for the
FMA students, who took advantage of the opportunity with some shopping,
visiting museums and taking in the sights. Saturday morning program at the
G.A.M.E forum was focused on career planning sessions, which the Practicum
students found quite helpful. After the conclusion of sessions and lunch in
the city, our group departed the hotel around 2:30 pm for the long trip back
to Salisbury.

FMA Student
Chapter visits NYC (March 25, 2010)

The group departed the
Guerrieri University Center parking lot aboard a chartered bus at about 6:00
AM on Thursday, March 25, 2010. The group consisted of approximately 25
students and two faculty members (Drs. Claggett and Ervin); all of the PSB.
We arrived at the Downtown Marriot in Manhattan at about 10:45 AM.
After checking into two changing rooms and changing into more appropriate
dress, everyone (plus Drs. Claggett and Ervin) departed and walked to the
New York Stock Exchange on Wall Street and Broad. The students and
professors proceeded through NYSE security and were given a quick over view
of the current operation from the balcony overlooking the traditional
trading floor. Then, the group was divided into four smaller groups for a
tour of the trading floor itself. The tour guides were very knowledgeable
and one of the features enjoyed by each smaller group was a discussion with
an actual market maker (specialist) on the trading floor.

On Friday morning (at
8:00 AM), the group (plus Drs. Claggett and Ervin) traveled to J.P.
Morgan in Downtown Manhattan for a 9:00 AM appointment. The group was
met by Ronald G. McGann (Ron) Managing Director, JP Morgan, The Private
Bank. He is an alumnus of SU, class of 1988. Mr. Mc Gann spent
considerable time explaining the way J.P. Morgan reacted to and
benefited during the current financial crisis. He inspired students by
telling them about his own career and he told them that to be successful
on Wall Street, young people must work very hard and take advantage of
their strengths.

Later that afternoon,
(approximately 2:00 PM), students (plus Drs. Claggett and Ervin) toured the
Museum of American Finance at 48 Wall Street, New York, NY 10005. Friday
afternoon and Saturday were free time with respect to sight visits. Students
did some shopping, visited museums and saw the sights. At 11:00 AM, our group
departed the hotel and returned to SU’s Guerrieri University Center parking lot
about 4:15 PM.

FMA travels to NYC
(March 26, 2009)

Contributed by Alyssa Price, FMA President

On March 26 at
4:45 a.m. 43 students from the business school along
with Dr. Dustin Chambers and Dr. Danny Ervin boarded a
bus heading for New York City. Planned by Rebekah
Maclean-Blevins, the students were privileged to visit
three amazing sites during the two-night stay in the Big
Apple.

The first visit was to the Museum of American
Finance where we were able to see the newest exhibit, a
wall-length graph detailing the cause and effect events
of the recent financial crisis. The second visit allowed
30 lucky students to go five stories below NYC inside
the vault in the Federal Reserve Bank where
approximately $170 billion dollars in gold bars are
held. Also, at the Federal Reserve, there is an exhibit
documenting the change of money throughout time and in
center display was the rare 1933 Double Eagle coin worth
over $7 million dollars.

The final visit was to Société
Générale where John Fitzgerald, Class of 1995, showed us
the ins and outs of the French banking firm he is now
employed at in the Human Resources Department. After
listening to several speakers from various divisions
within the company, we were given a tour of the trading
floors and saw many crowded desks with anywhere from two
to nine computer screens stacked on top of each other.

During free time in between the three site visits
students were given a chance to roam the streets of NYC
attending shows, shopping and having a good time. All 43
exhausted students and two teachers returned safely on
Saturday evening. The trip was organized by the
Financial Management Association (FMA).

FMA Student Chapter visits NYC (March 2008)

Contributed by Alyssa Price, FMA President

On March 26 at 4:45 a.m. 43
students from the business school along with Dr. Dustin Chambers and Dr.
Danny Ervin boarded a bus heading for New York City. Planned by Rebekah
Maclean-Blevins, the students were privileged to visit three amazing sites
during the two-night stay in the Big Apple.

The first
visit was to the Museum of American Finance where we
were able to see the newest exhibit, a wall-length graph
detailing the cause and effect events of the recent
financial crisis. The second visit allowed 30 lucky
students to go five stories below NYC inside the vault
in the Federal Reserve Bank where approximately $170
billion dollars in gold bars are held. Also, at the
Federal Reserve, there is an exhibit documenting the
change of money throughout time and in center display
was the rare 1933 Double Eagle coin worth over $7
million dollars.

The final
visit was to Société Générale where John Fitzgerald,
Class of 1995, showed us the ins and outs of the French
banking firm he is now employed at in the Human
Resources Department. After listening to several
speakers from various divisions within the company, we
were given a tour of the trading floors and saw many
crowded desks with anywhere from two to nine computer
screens stacked on top of each other.

During
free time in between the three site visits students were
given a chance to roam the streets of NYC attending
shows, shopping and having a good time. All 43 exhausted
students and two teachers returned safely on Saturday
evening. The trip was organized by the Financial
Management Association (FMA).

FMA Student Chapter visits NYC (March 2007)

The group departed the Guerrieri
University Center parking lot aboard a chartered bus at about 6:30 AM on
Thursday, March 29, 2007. All students expected to be on the trip were
present. The group consisted of approximately 36 students (two of whom drove to
NYC because of an early, sports related, commitment on Saturday) and two faculty
members (Drs. Shetty and Claggett); all of the PSB. We arrived at the Holiday
Inn SoHo Hotel - Manhattan at Lafayette Avenue and Howard street at about 12:00
noon. After checking into several rooms and changing into more appropriate
dress, a group of approximately 25 students (plus Drs. Shetty and Claggett)
departed and walked to the New York Stock Exchange (NYSE). At about 2:00 PM, we
entered the security process and proceeded to enter the building at about 3:00
PM. We were met and hosted by Mr. Murray Teitelbaum (212-656-2017), the NYSE
Director of Education, once inside the NYSE . He led us to one of the many
conference rooms within the NYSE. He proceeded to give us a very insightful
discussion about the history of the NYSE and most notably, the recent events
leading up to the purchase and subsequent “for profit” status of the NYSE. Then
we were able to view stock trading from the balcony.

On Friday morning (at 6:30 AM),
our group (approximately 25 students plus Drs. Shetty and Claggett) traveled to
the New York Board of Trade (NYBOT) via the NYC subway system. After proceeding
through security, we entered the building and were greeted by our host. She
explained many of the functions and purposes of the NYBOT. While there,
students were allowed to actually go onto the trading floor in small groups and
talk to traders as they were conducting trading business. Coffee and other
agricultural markets were particularly active.

Later that same morning
(approximately 10:15 AM), another group of students plus Drs. Shetty and
Claggett walked to the Federal Reserve Bank of New York. Again, after
completing a rather lengthy security check, we were greeted by several guides.
The group was lead to a classroom and given a 45 minute overview of the FED’s
role and purpose plus a video of the currency operations at the nearby East
Rockford Operations Center (EROC). Finally, students were shown the gold vault
(after a lecture about the vault’s features) which is in the basement of the
Federal Reserve Bank of New York. Marina Rivilis was one of our hosts.

Friday afternoon and Saturday were
free time with respect to sight visits. Students did some shopping, visited
museums and saw the sights. At 2:00 PM, our group departed the hotel and
returned to SU’s Guerrieri University Center parking lot about 7:30 PM.

FMA Student Chapter visits NYC (March 2006)

The group consisting of
40 students and three faculty members (Drs. Manakyan, Ervin and Claggett)
departed the Guerrieri University Center parking lot aboard a chartered bus at
about 6:00 AM on Thursday, March 30, 2006. We arrived at the Sheraton Hotel -
Manhattan at about 12:00 noon. After checking into several rooms and changing
into more appropriate dress, a group of 25 students (plus Dr. Claggett)
visited the Bank of America Securities Office of New York. The visit included
a 45 minute open discussion with three relatively new Bank of America
employees about what it takes to get a corporate job and then to be successful
at Bank of America, followed by a tour of the trading floors within the
building. The tour guide explained the Bank trades for large clients (such as
pension funds, etc.) as well as its separate accounts.

On Friday morning (at 8:00
AM), a group of 25 students plus Drs. Ervin and Claggett traveled
to the New York Board of Trade (NYBOT) via the NYC subway system. At the same
time, a second group of 15 students traveled (also
via subway) with Dr. Manakyan to attend the Investments Symposium at St.
John’s University’s Manhattan campus. The symposium was held all day and
consisted of many well respected speakers that addressed the students from
many schools and universities besides SU.

While at the NYBOT, students
were allowed to actually go onto the trading floor in small groups and talk to
traders as they were conducting trading business. Oil and other energy
markets as well as several precious metals markets were particularly active as
prices were increasing strongly during our visit.

After visiting NYBOT, the same
group of students plus Dr. Claggett visited the New York Stock Exchange.
After getting through rather tight security measures, we were able to enter
the Board room and meet with the NYSE Director of Education, Mr. Murray
Teitelbaum. He
proceeded to give us a very insightful discussion about the history of the
NYSE and most notably, the recent events leading up to the purchase and
subsequent “for profit” status of the NYSE. Then we were able to view stock
trading from the balcony. Again, we had a very good host, Ms. Florrie Matesic,
and she provided significant insight into NYSE recent history and current
activities.

Saturday was a free day with
respect to site visits. Students did some shopping, visited museums and saw
the sights. At 5:00 PM, our group departed the hotel and returned to SU’s
Guerrieri University Center parking lot about 10:20 PM.